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European society (societas Europea) in the Czech Republic
On 16 May 2007, the first “Czech” European society was entered into the Commercial Register. The main benefit of this form of company is the possibility to move its registered office within the European Union.
A European society (company) or societas Europea (SE) is a European capital company that is similar to our joint-stock company. The subscribed registered capital must amount to at least EUR 120 000.
The most common way to establish a European company is to merge joint-stock companies, where least two are domiciled in a different EU Member State. In addition to joint-stock companies, even other legal entities from different countries can set up a European company either in a holding or establish a subsidiary of a European company by subscribing their shares. Another possibility is to change a joint stock company to a European company, provided it has a subsidiary in a different EU Member State.
The main benefit is the possibility to move the registered office of a European company within the European Union. This is advantageous especially for tax reasons. It is, however, possible to change a European company back to a joint-stock company in the country where it is domiciled. For this reason, this legal form can be used to transfer the seat of a joint-stock company from one Member State to another. Another benefit is of course the prestige of a European company across the European Union.
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Stewarts
'No one has done as much for me as you,' Eva said.
Stewarts
"A visit to her daughter in London turned Eva's life upside down when she says she stepped into a crossing on a green light but was hit by a car. Despite her remarkable bravery, she faced a long treatment due to fractures in her pelvis, and the associated limitations and pain are likely to persist for the rest of her life. Regular headaches and impaired concentration compound her challenges.
Eva contacted us through an organization temporarily helping her manage her difficult living situation. At that time, she was destitute, relying only on subsistence payments. We were able to assist her because we specialize in personal injury and have contacts with proven colleagues abroad.
We worked with Stewarts, a UK law firm, on this case. Attorneys Klára Dvořáková and Rebecca Huxford helped Eva with the documentation in her case, explaining her options and the differences between the Czech and British systems of healthcare and social benefits reimbursement. Within a few months, thanks to the professional cooperation between the two offices, an offer of compensation from the insurance company of approximately CZK seven million was achieved. The client accepted this settlement because she did not want to deal with courts in the United Kingdom.
Subsequently, we assisted the client with related tax issues and contacted Auditone, a tax consultancy firm, which arranged for the filing of a tax return. Compensation for lost income is taxable, unlike most personal injury compensation.
'No one has done as much for me as you,' Eva said.
The fact that we were able to help Eva gives our work meaning and brings us great joy. We are very happy that, thanks to our many years of active involvement in the international professional organization PEOPIL, we can cooperate on such cases."
Livingstone, Tour Operator
Thank you again for your valuable advice. I breathe better when I know who to turn to.
Livingstone, Tour Operator
"Thank you again for your valuable advice. I breathe better when I know who to turn to."
Anders Thorsen Advokatanpartsselskab
It has been an absolute pleasure to work with you.
Anders Thorsen Advokatanpartsselskab
"It has been an absolute pleasure to work with you and your colleagues. Your advice and way of handling the matter and our communication has been of the highest quality and we are very happy with the outcome.
If any of my clients need assistance in matters in the Czech Republic in the future, I know who to recommend."